Wall Street & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

News & Commentary

05:01 PM
Kerry Massaro
Kerry Massaro
Commentary
50%
50%

Unveiling the Trading Floor — 70-Plus Photos

Through "Anatomy of a Trading Floor", we'll be offering our readers a glimpse at the most exciting technology in the industry. You can experience a state-of-the-art trading floor, including close-ups of trading desks, such as institutional sales, currency, special situations, block trading and much more.

Most days I'm at my desk editing and writing away, or out visiting with readers, sources and market experts. However, on Feb. 27 -- the day the stock market took its largest nosedive since Sept. 11, 2001 -- I happened to be on the trading floor of Knight Capital Group orchestrating photos for the launch of a new feature called "Anatomy of a Trading Floor."

This is a cool new feature that I'm truly excited about. We talk about cutting-edge technology in every story we write, but rarely do we have the opportunity to actually show it to you. Through "Anatomy of a Trading Floor", we'll be offering our readers a glimpse at the most exciting technology in the industry. You can experience a state-of-the-art trading floor, including close-ups of trading desks, such as institutional sales, currency, special situations, block trading and much more. We also have pictures of the entire 321-seat floor, revealing how it is structured -- where the retail traders sit; where the institutional team is situated; and where international, operations, block trading and compliance are located. You'll almost feel like you're visiting the floor yourself.

In the current issue of AT, you'll see a spread featuring some of the incredible photos of Knight Capital's floor taken by the very talented Sacha Lecca. But this new feature really comes to life online, where you can get lost on the floor, clicking through more than 70 photos (advancedtrading.com/tradingfloor). Our goal is to gather photos of as many floors as we can -- sell side, buy side and exchanges (at least those that still have a floor) -- so our audience can compare their technology and get a feel for the trading dynamic.

The excitement on the Knight floor as a result of the market downturn on Feb. 27 was like none that I had ever seen. The volume (as in yelling, not trading) and action was reminiscent of a Wall Street movie -- not the calm I'm used to seeing while traders work quietly and electronically behind their workstations. The decline -- and, more directly, the computer glitch experienced by the Dow Jones -- may lead the SEC to take a closer look at the capacity of electronic trading systems. There is even a question as to whether exchange trading floors have been closed too quickly. Apparently, the SEC will be very busy, as the Commission also is taking a closer look at dark pools' impact on the public markets. As Brian Carr, CEO of NYFIX Millennium, puts it, "If they were called red, white and blue pools, there wouldn't be a problem." It's all about perception, he adds.

Despite the expected scrutiny on many areas of trading, you still can enjoy the view -- in the light -- provided by our new photo essay. Feel free to reach out to me if there is a particular firm's floor you'd like to see featured or if you'd like your firm to be highlighted.

More Commentary
A Wild Ride Comes to an End
Covering the financial services technology space for the past 15 years has been a thrilling ride with many ups as downs.
The End of an Era: Farewell to an Icon
After more than two decades of writing for Wall Street & Technology, I am leaving the media brand. It's time to reflect on our mutual history and the road ahead.
Beyond Bitcoin: Why Counterparty Has Won Support From Overstock's Chairman
The combined excitement over the currency and the Blockchain has kept the market capitalization above $4 billion for more than a year. This has attracted both imitators and innovators.
Asset Managers Set Sights on Defragmenting Back-Office Data
Defragmenting back-office data and technology will be a top focus for asset managers in 2015.
4 Mobile Security Predictions for 2015
As we look ahead, mobility is the perfect breeding ground for attacks in 2015.
Register for Wall Street & Technology Newsletters
Video
Exclusive: Inside the GETCO Execution Services Trading Floor
Exclusive: Inside the GETCO Execution Services Trading Floor
Advanced Trading takes you on an exclusive tour of the New York trading floor of GETCO Execution Services, the solutions arm of GETCO.